The design, operation and improvement of the systems that create and offer the company's main products and services. It deals with the management of the entire system that produces a product or provides a service.
Related Articles
What is the link between operations management and supply chain management?
The main difference between supply chain management and operations management is that the supply chain is mainly concerned with what happens outside the company (obtaining materials and delivering products), while operations management deals with what happens inside the company. Supply chain management primarily involves managing force activities, which are goods and services.
What is the role of operations management?
Operations management refers to the discipline of overseeing and controlling the various activities within an organization. Ensures efficient production processes, optimal resource utilization and, ultimately, the achievement of desired business objectives.
What is an example of operations management in real life?
This may include monitoring administrative costs, managing claims and billing, and legal compliance. It includes the selection and management of suppliers, that is, it ensures that quality, sustainability and reliability are maintained when purchasing the requirements.
What Types of Operations Management Solutions are Available?
Learn about different types of operations management solutions available for businesses. Understand how they help with business process management & more.